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Nassau Conference to focus on competitiveness, include financial services bootcamp

Building on the foundation set by the previous 10 events, the 11th edition of The Nassau Conference is scheduled for Wednesday, September 21, 2016 at the Meliá Nassau Beach resort under the theme “Strengthening our competitiveness”. New this year, The Nassau Conference extends its footprint to a second day with a pre-conference financial services bootcamp, scheduled for Tuesday, September 20, 2016 also at the Meliá. Minister of Financial Services Hope Strachan will once again deliver opening remarks at the conference and provide attendees with a policy perspective on recent global and local industry and regulatory developments.


The conference

Presentations and discussions of the morning sessions will emphasize an external view led by international financial services experts. Following remarks by Strachan, Joseph Kellogg, a leading expert in wealth planning and management and partner with WE Family Offices (USA), will deliver a presentation on “Trends in family offices”. This will be followed by a two-part session titled “Latin America in focus”, the first part led by Simon Beck, a partner with Baker & McKenzie LLP (USA), who advises global institutions and wealthy families, family offices, trust companies and governments across the U.S., Europe, Asia and Latin America.

Part two of “Latin America in focus” will feature Craig Barley, a director and partner with Latour Capital do Brasil Ltda., who has extensive experience in tailoring wealth management services to the needs of ultra-high net worth Brazilian families.

The agenda will then shift focus to a technical review of CRS and BEPS led by Bill Bailey, the Ernst & Young (EY) tax partner and tax leader for The Bahamas, Bermuda, British Virgin Islands and Cayman Islands. Bailey will then be joined by Lanishka Farrington-McSweeney, a partner with PwC Bahamas Assurance & Advisory Services group, on a panel titled “Perspectives on financial services in Bermuda and Cayman”.

The afternoon sessions of The Nassau Conference will emphasize the internal view, led by leading local financial services, legal and business experts. Tanya McCartney, CEO and executive director of the Bahamas Financial Services Board (BFSB), will kick off the afternoon with a focus on the “Bahamas value proposition” and will then participate in a panel discussion on “CRS”, along with Minister of State for Finance Michael Halkitis and Brian Moree, Q.C. and senior partner with McKinney, Bancroft & Hughes.

This will be followed by another interactive panel discussion titled “International business and finance”, which will feature Chairman of the Bahamas Chamber of Commerce Gowon Bowe; Michael Paton, a partner with Lennox Paton; and Ryan Pinder, a partner with Graham Thompson.

The conference will wrap up with an open-forum “Ask the experts” panel with Dianne Bingham, of STEP Bahamas; Tanya McCartney, Moree, Paton and Pinder.


Financial services bootcamp

Scheduled for the day before The Nassau Conference, the “Financial services – The fundamentals” bootcamp is a half-day practical workshop for individuals working in financial services who require a fundamental understanding of the products and services offered in our market, as well as an introduction to the sector for persons considering a career in financial services, including college students. This workshop will explore the basic building blocks of the key product offerings, related legislative and regulatory environment and latest trends in the financial services sector. Participants will be given the opportunity to relate this information to their own workplace experience so they can understand their responsibilities and the risks faced within their role. The bootcamp is designed for client facing and back office staff, as well as internal and external auditors and directors. It will provide a fundamental understanding of key product offerings, uses and establishment; a clear understanding of the roles and responsibilities in relation to the provision of financial services; and an understanding of the risks associated with each product or service. The financial services bootcamp is a strategic collaboration between AIBT, BFSB and the Bahamas Institute of Financial Services (BIFS).


Public/private sector partnership

The Ministry of Financial Services (“MFS”) is the platinum sponsor of this year’s Nassau Conference and is joined by the Bahamas Financial Services Board (“BFSB”) as the gold sponsor. Both MFS and BFSB continue to demonstrate their commitment to the development and growth of the sector through their support of The Nassau Conference, which is a demonstration of the successful public/private sector partnerships that will grow and develop our jurisdiction.


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